On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1450 AM Holland, MI

Weather

Current Conditions(Holland,MI 49422)

More Weather »
52° Feels Like: 52°
Wind: SE 14 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

AM Showers 61°

Tonight

Rain 45°

Tomorrow

AM Rain 55°

Alerts

Valero To Buy Jefferson Ethanol Plant

by

JEFFERSON (WRN) - A renewable energy company from Texas will buy a struggling ethanol plant in Jefferson for $72 million. Valero Renewable Fuels of San Antonio submitted the highest of 4 bids to purchase the Renew Energy plant at a bankruptcy court auction. The deal is expected to be finalized early next year, pending approval from federal regulators. Renew Energy filed for bankruptcy protection earlier this year. It told the state last month it would have to close the Jefferson ethanol plant and let 70 workers go if a buyer wasn’t found. The plant has been running at a reduced capacity, but Valero says it plans to resume full production eventually, making 110 million gallons of ethanol a year. Valero has 7 ethanol plants in Minnesota, Iowa, Nebraska, and South Dakota. And it’s in the process of buying two former VeraSun ethanol plants in Indiana and Ohio.

Comments